The USDJPY pair shows sideways trades since yesterday, settling above 148.00 barrier, waiting to get positive motive that assist to push the price to resume the expected bullish wave on the intraday and short term basis, which its next target located at 150.00.
The EMA50 continues to support the suggested positive scenario, which its next target reaches the recently recorded high at 151.70 after surpassing the previous level, taking into consideration that breaking 147.15 will put the price under negative pressure that targets visiting 145.90 areas mainly.
The expected trading range for today is between 147.50 support and 149.10 resistance
The expected trend for today: Bullish
Origin: Economies
